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Cary’s Rainy Day Fund Was Hidden | Durham News
Description
Town finances hit a rocky patch as Cary’s rainy-day fund dipped below minimums in FY2023-2024 — a detail quietly scrubbed by former Town Manager Sean Stegall before council review. State auditors confirmed the drop, contradicting Stegall’s prior claims that funds never fell short. Council members are now blaming him for mismanagement, and the town is moving to require written approval for any future withdrawals from the fund.
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